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Dec 7, 2012
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macs are making their way back to the u.s. apple ceo tim cook told bloomberg this week the company will begin manufacturing a line of mac computers in the u.s. most of apple's products are made in asia. factories such as foxconn, a major apple supplier, have come under heavy scrutiny for low wages and poor working conditions. cook said the company will spend $100 million on the manufacturing move in the states, but no word yet on where it will take place. in other apple news, the iphone is getting picked up by another carrier. t-mobile will begin selling the iphone next year. talks are back in the fiscal fight. according to the wall street journal, the staffs for president obama and house speaker boehner are talking again. it follows a nearly week-long silence. wednesday, the presdient and congressman boenher spoke by phone. on thursday, the president said he was optimistic a deal would get done as he sat down with a middle-class family in virginia to promote his tax plan new jersey governor chris christie is making a pitch to
macs are making their way back to the u.s. apple ceo tim cook told bloomberg this week the company will begin manufacturing a line of mac computers in the u.s. most of apple's products are made in asia. factories such as foxconn, a major apple supplier, have come under heavy scrutiny for low wages and poor working conditions. cook said the company will spend $100 million on the manufacturing move in the states, but no word yet on where it will take place. in other apple news, the iphone is...
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Dec 4, 2012
12/12
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in an attempt to milk more from the u.s. market, canada's largest dairy processor, saputo, is buying the morningstar unit of dean foods for $1.45 billion. morningstar's products include creamers, ice cream and cottage cheese. dean foods, the largest dairy producer in the u.s., based in dallas, is in downsizing mode. the deal with saputo is expected to close at the end of the year. the mayor of newark, new jersey is about to go on a strict diet. starting today, cory booker will live on food stamps for a week - that means spending only $4 a day for all of his food. booker accepted the challenge in a twitter debate with a north carolina woman. other public officials have tried this before booker and have reported it to be a great challenge. there's no place like home for the holidays, and keeping up with its annual tradtion, fannie mae and freddie mac won't evict familes facing foreclosure during the holiday season. this year's freddie/fannie evicition-free dates are dec. 19 through january 2nd. you might think airlines wouldn'
in an attempt to milk more from the u.s. market, canada's largest dairy processor, saputo, is buying the morningstar unit of dean foods for $1.45 billion. morningstar's products include creamers, ice cream and cottage cheese. dean foods, the largest dairy producer in the u.s., based in dallas, is in downsizing mode. the deal with saputo is expected to close at the end of the year. the mayor of newark, new jersey is about to go on a strict diet. starting today, cory booker will live on food...
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Dec 14, 2012
12/12
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no charges have been filed outside of the u.s. against mcafee, who says he has not been questioned by u.s. authorities. meanwhile, the mcafee software security firm is out with a warning about cyber bank robbers. according to published reports, a massive cyber attack with the goal of stealing millions from consumer accounts is in the works. chase, citibank, wells fargo, and even paypal are among the banks that could get hit. the cyber criminals are said to already be testing the attack plan. most recently, u.s. bank reported sudden trouble with its website. on the ipo watch, solar power company solar city had a sunny first day of trading. after cutting its ipo price to $8, shares traded near $11.15 before closing up 47% at $11.79. pbf energy also had a good first day on the market. shares of the refinery company rose 1% following an ipo price of $26 a share. shares yesterday closed at $26.25. hundreds of cars damaged by superstorm sandy are on the way to crushers. others may wind up on used car lots. while it's not illegal to buy
no charges have been filed outside of the u.s. against mcafee, who says he has not been questioned by u.s. authorities. meanwhile, the mcafee software security firm is out with a warning about cyber bank robbers. according to published reports, a massive cyber attack with the goal of stealing millions from consumer accounts is in the works. chase, citibank, wells fargo, and even paypal are among the banks that could get hit. the cyber criminals are said to already be testing the attack plan....
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Dec 19, 2012
12/12
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starting in january the u.s. treasury department will begin selling its stakes in almost all of the remaining banks that received bailouts during the financial crisis. four years after the implementation of the troubled asset relief program the government still owns a part of 218 banks. those banks owe taxpayers nearly $8 billion. the government says tarp was always intended to be a temporary measure. key players from wall street may be heading to the whitehouse. according to bloomberg news.. the obama administration is said to be considering kenneth chenault -- the ceo of american express-- for a cabinet post... possibly treasury secretary. also, the adminstration is said to be batting around the name ursala burns- who runs xerox as a possible candidate for commerce secretary. president obama said earlier he is interested in having top business leaders in his cabinet. coal consumption is climbing around the world. the international energy agency-- better known as as the i-e-a predicts demand for coal could come
starting in january the u.s. treasury department will begin selling its stakes in almost all of the remaining banks that received bailouts during the financial crisis. four years after the implementation of the troubled asset relief program the government still owns a part of 218 banks. those banks owe taxpayers nearly $8 billion. the government says tarp was always intended to be a temporary measure. key players from wall street may be heading to the whitehouse. according to bloomberg news.....
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Dec 18, 2012
12/12
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the jobs situation in the u.s. is an issue that i don't think is going to go away anytime soon, and if that is the case, 2013 will be a year that will be tough on a lot of people. > larry, what are you seeing seasonally? sometimes there are themes that emerge in the market from seasonal trading. what are you seeing out there? > > certainly as you get into the season, you get into the colder months. we look at energies seemingly rallying as people start thinking about that and even just a psychological trade when the colder months make you think we are going to use more energy, heat and oil, things like that. that is something a lot of traders think about, and if energy costs more, then maybe the stock indexes and the equities in general are going to go down because people want to sell those markets as seasonal, like you just mentioned, they might go up. so, that is maybe one way to take a look at it. > larry levin of trading advantage. thanks for your time today larry. have a good day. > > you too. retailers say un
the jobs situation in the u.s. is an issue that i don't think is going to go away anytime soon, and if that is the case, 2013 will be a year that will be tough on a lot of people. > larry, what are you seeing seasonally? sometimes there are themes that emerge in the market from seasonal trading. what are you seeing out there? > > certainly as you get into the season, you get into the colder months. we look at energies seemingly rallying as people start thinking about that and even just...
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Dec 12, 2012
12/12
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scwieterman says "the time has come for u.s. airways to merge," noting that the airline's performance is strong, but in need of support. a common mantra of "use it or lose it" is happening around workplace these days. as in: use your vacation days... or lose it all. let's talk to jake reid of expedia for some travel tips. good to have you on the show this morning. you look awfully cool. > > [laugh > > thanks for having me, and you are absolutely right - a lot of americans are losing it, and they are not taking their vacation days. we want to help travelers feel comfortable booking that trip and taking advantage of the vacation days they have. i certainly did that. i am down here in miami beach, fla., at the palms hotel and spa, taking a little vacation from the rainy seattle weather that i am getting used to now this winter. > other than where you are right now, what are some other great locations, some last- minute deals? > > we are seeing a lot of travelers on expedia book in three places: doing what i did, which is to come to
scwieterman says "the time has come for u.s. airways to merge," noting that the airline's performance is strong, but in need of support. a common mantra of "use it or lose it" is happening around workplace these days. as in: use your vacation days... or lose it all. let's talk to jake reid of expedia for some travel tips. good to have you on the show this morning. you look awfully cool. > > [laugh > > thanks for having me, and you are absolutely right - a lot of...
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Dec 10, 2012
12/12
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it plans to open 2400 starbucks in china and the u.s. within two years. "overall, there's going to be coffee available. that'll help you on pricing, so it might be a good time to be expanding." starbucks' expansion plans aren't only meared number of shops. in the last 12 months, its acquired juice company evolution fresh, bakery la boulange, and is about to finalize acquisition of tea company teavanna. tensions remain high in michigan's capitol city, where legislation is about to be passed that could weaken the power of unions. protestors are furious. republican lawmakers moved quickly last week to enact "right to work legislation," allowing workers at unionized companies not to pay dues to the union, which reduces bargaining power right in the uaw's own back yard. the measure has already been approved by both chambers of michigan's legislature, and final enactment could take place tomorrow. republican governor rick snyder supports the legislation. if enacted, it would make michigan the 24th state with right-to-work laws. recent strikes at a california sh
it plans to open 2400 starbucks in china and the u.s. within two years. "overall, there's going to be coffee available. that'll help you on pricing, so it might be a good time to be expanding." starbucks' expansion plans aren't only meared number of shops. in the last 12 months, its acquired juice company evolution fresh, bakery la boulange, and is about to finalize acquisition of tea company teavanna. tensions remain high in michigan's capitol city, where legislation is about to be...
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Dec 21, 2012
12/12
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reporting a profit that surprised analysts, then sold off on word of declining blackberry sales in the u.s. nike stock jumped 6% higher after exceeding earnings expectations and revealing orders were up 6% in the quarter. now on to the market, which also gained ground yesterday on optimism a budget deal will emerge out of washington. meanwhile, the sleepless in america are creating a boost in business. consumers spending on treatments for insomnia shot up from $24 billion 4 years ago to $32 billion now. fortunately, it's a bumper year for the coffee crop in brazil. the country is harvesting its biggest coffee crop ever. and peter madoff is sentenced to the max of 10 years in prison for helping his brother bernie in their infamous ponzi scheme. scott bauer of trading advantage joins us on this friday morning for a closer look at the markets. good morning to you. we had a nice santa claus rally going on here. do you think that this fiscal talk is just going to kill it? > > no, it doesn't look like it. the trend over the last few days is, we have seen the market up, but we have seen it really
reporting a profit that surprised analysts, then sold off on word of declining blackberry sales in the u.s. nike stock jumped 6% higher after exceeding earnings expectations and revealing orders were up 6% in the quarter. now on to the market, which also gained ground yesterday on optimism a budget deal will emerge out of washington. meanwhile, the sleepless in america are creating a boost in business. consumers spending on treatments for insomnia shot up from $24 billion 4 years ago to $32...
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Dec 17, 2012
12/12
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the u.s. senate is expected to start debating this afternoon on how much money to spend on repair costs in the wake of superstorm sanday. the current disaster aid package stands at $60.4 billion. the aid could become a political football. some republicans in the house want to consider a smaller initial amount to cover immediate needs until there's more evidence of the need for additional spending. fema, the federal emergency management agency's, disaster relief fund has nearly $5 billion, which is enough to pay for recovery costs into early spring. peabody energy corp. gets a lump of coal in its stocking. the st. louis-based coal producer says a drop in coal prices and lower market demand are dragging down its sales by about 2 million tons. coal producers have struggled this year against record low natural gas prices. those cheap prices prompt utilities to use it instead of coal for fuel. peabody does expect results to improve later this year. the latest identification scam may be closer than
the u.s. senate is expected to start debating this afternoon on how much money to spend on repair costs in the wake of superstorm sanday. the current disaster aid package stands at $60.4 billion. the aid could become a political football. some republicans in the house want to consider a smaller initial amount to cover immediate needs until there's more evidence of the need for additional spending. fema, the federal emergency management agency's, disaster relief fund has nearly $5 billion, which...
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Dec 11, 2012
12/12
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that bounce follows an october in which mcdonald's' u.s. sales slipped for the first time in nine years and led to the resignation of company president jan fields. hewett-packard is suddenly jumping onto the hot stock list. shares climbed 4% yesterday on speculation billionaire investor carl ichan is building a positon in the tech giant. this year has been a rough one for hpq. shares have tumbled on troubles including the $9 billion charge from its acqusition of autonomy and concerns about its printer and pc businesses. here's trader alan knuckman's thoughts on the stock: "well, i think it might have ovedone on the downside. you have to remember hewlett-packard has done this twice. it dropped from $80 back down to $10 and then rose again; fell from $50 to the current level where we are now. so, it does have some brand value, it's just a matter of sorting out the company and making things work again, and i think the new ceo could do this." heweltt-packard stock is down nearly 75% since april 2010. at current levels, knuckman calls it a stock
that bounce follows an october in which mcdonald's' u.s. sales slipped for the first time in nine years and led to the resignation of company president jan fields. hewett-packard is suddenly jumping onto the hot stock list. shares climbed 4% yesterday on speculation billionaire investor carl ichan is building a positon in the tech giant. this year has been a rough one for hpq. shares have tumbled on troubles including the $9 billion charge from its acqusition of autonomy and concerns about its...